Outlook Money felicitates personal finance industry

The best performers in the Indian personal finance industry were recently conferred with the annual ‘Outlook Money Awards’ in recognition of their excellence in their respective areas of operations.

“The annual ‘Outlook Money Awards’ is an endeavour to salute those financial stalwarts who in their pursuit of excellence have not only enhanced their performance, but in the process have been focused on customer satisfaction and ultimately, value creation,” said Mahesh Peri, Publisher, The Outlook Group.

The ‘Outlook Money Awards’ were presented in seven categories – Wealth Creator, Dream Home, Best Insurer, Best e-brokerage, Value Creator, Best Banker and Hall of Fame. The ‘Best Banker Award’ went to HDFC Bank and Corporation Bank in the private and public sectors respectively. Other prominent winners included State Bank of India, which bagged the ‘Hall of Fame Award’, and the ICICI Group, which netted awards for its banking, life insurance, e-broking and housing finance ventures. Among other award winners were Franklin Templeton, Kotak Mahindra, DSP Merill Lynch Fund Mgrs, Hero Honda and Eicher Motors.

The annual ‘Outlook Money Awards’ was instituted in 2002 as an integral part of Outlook Money’s endeavour to aid individuals to “invest well, borrow wisely and spend smartly”. The methodology for judging the contenders has been developed by ‘Outlook Money’ in conjunction with Ernst & Young. The data was processed and vetted in consultation with Ernst & Young to arrive at a shortlist of potential awardees, and the winners were subsequently chosen by an eminent panel of bankers, consultants, economists and capital market leaders.